Canadian Imperial Bank of Commerce (CM) Stock Forecast & Price Target

Canadian Imperial Bank of Commerce - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
1

Hold
3

Buy
8

Consensus Price Target

C$79.15
N/A

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CM Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$79.15	C$71.79	C$69.21	C$62.99
Forecasted Upside	N/A	-7.43% Downside	6.40% Upside	20.14% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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CM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Canadian Imperial Bank of Commerce Stock vs. The Competition

Type	Canadian Imperial Bank of Commerce	Financial Services Companies
Consensus Rating Score	2.58	2.63
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent CM News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/30/2024	TD Securities 4 of 5 stars		Lower Target	Buy	C$93.00 ➝ C$91.00	+15.57%
8/30/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform	C$69.00 ➝ C$74.00	-6.02%
8/30/2024	Cormark 2 of 5 stars	L. Persaud Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Buy	C$75.00 ➝ C$83.00	+5.41%
8/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$77.00 ➝ C$81.00	+2.87%
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	C$74.00 ➝ C$90.00	+14.30%
8/30/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$77.00 ➝ C$83.00	+5.41%
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8/30/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$78.00 ➝ C$86.00	+9.22%
8/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$77.00 ➝ C$85.00	+7.95%
8/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	C$71.00 ➝ C$77.00	-2.21%
8/13/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$74.00 ➝ C$75.00	+7.02%
8/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$79.00 ➝ C$78.00	+12.10%
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Neutral	C$70.00	+7.61%
6/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Rizvanovic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
9/1/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$57.00 ➝ C$56.00	+3.44%
7/24/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$62.00 ➝ C$64.00	+10.21%
6/6/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$69.38	+21.34%
12/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral	C$66.00	+13.07%
12/1/2022	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Dechaine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform Market Weight ➝ Sector Perform Market Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:13 PM ET.

Should I Buy Canadian Imperial Bank of Commerce Stock? CM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 9, 2024. Please send any questions or comments about these Canadian Imperial Bank of Commerce pros and cons to contact@marketbeat.com.

Canadian Imperial Bank of Commerce
Bull Case

Here are some ways that investors could benefit from investing in Canadian Imperial Bank of Commerce:

Canadian Imperial Bank of Commerce's stock price has been showing an upward trend, reaching C$78.76 on the latest trading day, indicating potential growth.
The company has a strong dividend yield of 4.90%, providing investors with a steady income stream.
Analysts have raised the price target for Canadian Imperial Bank of Commerce, suggesting positive sentiment and potential for stock price appreciation.
Recent insider selling activities may indicate that the stock is currently overvalued, presenting a good opportunity for profit-taking.
Canadian Imperial Bank of Commerce has a diversified business model, serving various client segments in Canada, the United States, and internationally, reducing geographic risk.

Canadian Imperial Bank of Commerce
Bear Case

Investors should be bearish about investing in Canadian Imperial Bank of Commerce for these reasons:

The company's P/E ratio of 12.02 is higher than the industry average, indicating that the stock may be relatively expensive compared to its earnings.
Canadian Imperial Bank of Commerce's P/E/G ratio of 3.01 suggests that the stock may be overvalued based on its growth prospects.
Insider selling activities by senior officers may raise concerns about the company's future performance and growth potential.
The stock's beta of 1.12 indicates higher volatility compared to the market average, posing risks for investors during market fluctuations.
Despite positive analyst ratings, the stock has a potential downside of 2.23% according to Barclays, signaling a short-term bearish outlook.

CM Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Imperial Bank of Commerce is C$79.15, with a high forecast of C$91.00 and a low forecast of C$56.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CM shares.
: According to analysts, Canadian Imperial Bank of Commerce's stock has a predicted upside of ∞ based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian Imperial Bank of Commerce's stock had 3 upgrades by analysts.
: Canadian Imperial Bank of Commerce has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Canaccord Genuity Group, Cormark, Desjardins, Jefferies Financial Group, National Bankshares, Royal Bank of Canada, Scotiabank, TD Securities, and UBS Group in the past 90 days.
: Analysts like Canadian Imperial Bank of Commerce less than other "financial services" companies. The consensus rating score for Canadian Imperial Bank of Commerce is 2.58 while the average consensus rating score for "financial services" companies is 2.63. Learn more on how CM compares to other companies.

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This page (TSE:CM) was last updated on 9/28/2024 by MarketBeat.com Staff

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Canadian Imperial Bank of Commerce (CM) Stock Forecast & Price Target